colombiajust plug in Stetson and colombia on google. I read that they bid for some land in Colombia.
There were three zones (1-has been explored-highest potential, 2-somewhat explored, and 3 not explored).
This is just a ridiculous summmary I am giving you.
Anyways, I dont know what has happened as of today but Stetson was approved for 120 thousand acres in zone 1. in June 2010
They have to come up with I think 6 or 7 million dollars in further developement costs, etc. Again this is just from the sheet I read.
Therefore, imo there are selling off canadian assests to get cash to explore this property further. If they win the settlement even better.
like Mr. Spec said, it is a sit and wait kind of thing. Look at his track record.
No real downside and massive potential.